CO129-444 - Governor Sir May & Acting Governor Claud Severn - 1917 [10-12] — Page 31

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Ras! 12 OCT 17

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sir,

TRGAJHEY GIANTS.

20th October 1917.

29

I have laid before the Lords Ocrrdasioners of

Itla Majouty's Treasury Hr Scott's letter of the 5th instant (0. Seo, P. '. 10/17/4373) relative to the affect

of the prevailing high rate of exchange obtaining at Hong Kong upon the purchasing power of the pay and allowance of Newal ani Civilian personal living on shore at that station.

In reply I en to request you to lay before the

Loyte Coretanieners of the Adaralty, we bevra no doub

obramrad that the exaheyre ine rotarially trøroved sinoe

the letter under reply wis wisten an that the dollar

ed

now stavis at about 2/3, the follo=dag stataɔent o" Their

¿ Loriships' views, which will, Thay trust, rondes wvioessary

the proamse of a Trosmary representatire at the proposed

"he prentical question in which the recipient

of a sterling salary is inh rested is not the nøvrevnt of azaharya itself but the net alterations in the purchasing power of that portion of his salary which in expanded legally. Save in so far as volief was boon givm by the

grant of war boreisen, Joverment aplopoon in this country have been norpellei, like other reborg of the

corrunity, to face a nonsiderable reduction in the

pure'nsing power da? their inomes, and it is rot wæessonsble

to require aployees of ¡Es bjosty's Gevaraient abroad to

trike a sotros orlin; snorifice,

Since the rise in prices

dr Hong Kong de understood to hwo bem appreciably loss

than

Adralty.